Cryptocurrency Focus: Odyssey (OCN) Reaches $0.0104492

     

Taking a look at some recent cryptocurrency information, we can see that Odyssey (OCN) has touched the $0.0104492 level. The circulating supply levels are presently 4750000000 with a market capitalization of 49633700. Recent volume has been seen at 24707500. Since the last day’s settlement price, the currency has seen a change of -2.03%.

About Odyssey (OCN):
ODYSSEY (Symbol: OCN) is a revolutionary mission against current centralized sharing economy to build one decentralized sharing economy and peer to peer ecosystem. The sharing economy has been rapidly emerged as a large and expanding force. This is powered by declining transaction costs. Smartphones, internet connectivity, and the cloud allow consumers to efficiently search for their desired goods and services, understand the terms, ensure timely logistics, and enforce the agreed- upon contract. Formerly frustrating transactions have become hassle-less. In the future, sharing will become the norm and ownership will be a luxury. You may own nothing but you can simply share everything. You can adjust your expenses flexibly in accordance with the demand. You purchase something that you actually need instead of spending more. Sharing will also enable utilization of spare resource and increase the overall income and welfare of the society.

Following all the happenings in the fast paced crypto markets can be a challenge. Cryptocurrency may be in a remarkable position to transform financial systems that have been in place for a long period of time. Technologies that are transformative typically evolve from a need to solve a certain problem. The peer to peer systems have the ability to make transactions easier and quicker. Although there are plenty of naysayers opining about the current crypto scene, it remains to be seen what will transpire over the next six months. The vast number of marketplaces across the Internet may be welcoming to these new technologies as the fast changing conditions evolve.

Cryptocurrencies are based on blockchain technology, but they may function a bit differently. There are various factors to look at when examining a specific digital currency. Some of these include processing speed, available currency supply, and total amount of currency. Investors will most likely want to dig deeper and see who is behind a certain coin. Currencies that seem too good to be true might be just exactly that. There should be plenty of information available from the creators that can be researched. Understanding how different cryptocurrencies work may help the investor decide which ones are worth purchasing and which ones should be left alone.

These days, it is hard to read about new technology without hearing about the latest developments with blockchain. Blockchain is an open sourced computer protocol that lets users conduct peer-to-peer transactions. Blockchain technology is designed to confirm the validity of transactions in real time. Using cryptography, blocks are created by a “mining” process in which computers solve highly complex and random cryptography. Blockchains are essentially viewed as distributed ledgers, and the technology is generally considered to be very secure.

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